Cashew nut exports of Vietnam to the EU are estimated to increase by 15% in volume in 2022
Cashew Nut Kernel
Vietnam
Published Jan 15, 2022
Tridge summary
According to the Ministry of Industry and Trade, it is estimated that Vietnam's cashew exports in 2021 to the EU market will reach 135 thousand tons, worth 816 million USD, up 16.5% in volume and 7.9% in value compared to the previous year. 2020. The above positive growth is due to the high demand for cashew nuts in the EU in the last month of the year according to the cyclical factor, in order to serve the Christmas holiday and welcome the new year. Notably, the structure of Vietnam's cashew exports to the EU market has generally fluctuated. In addition to focusing on exporting the main types of cashew nuts W320 and W240, the Vietnamese cashew industry promotes the export of high-value cashews such as W180. In the first 11 months of 2021, W320 cashew nut is the most exported product to the EU market, accounting for 60.6% of the total volume and 67.8% of the total value, reaching 74.23 thousand tons, worth 497, $71 billion, up 9.9% in volume but down 1.7% in value over the same period in 2020. In the first 11 months of 2021, the export of many types of cashew nuts to the EU increased sharply, including: cashew nuts W240, W180, DW, W210. In contrast, the export of some types of cashew nuts WS/WB, W450, LP, and SP decreased.
Original content
According to the Ministry of Industry and Trade, it is estimated that Vietnam's cashew exports in 2021 to the EU market will reach 135 thousand tons, worth 816 million USD, up 16.5% in volume and 7.9% in value compared to the previous year. 2020. The above positive growth is due to the high demand for cashew nuts in the EU in the last month of the year according to the cyclical factor, in order to serve the Christmas holiday and welcome the new year. Notably, the structure of Vietnam's cashew exports to the EU market is generally volatile. In addition to focusing on exporting the main types of cashew nuts W320 and W240, the Vietnamese cashew industry promotes the export of high-value cashews such as W180. In the first 11 months of 2021, W320 cashew nut is the most exported product to the EU market, accounting for 60.6% of the total volume and 67.8% of the total value, reaching 74.23 thousand tons, worth 497, $71 billion, up 9.9% in volume but down 1.7% in value over the same ...
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